HB1487 - Tennessee - Gambling, Pari-mutuel Betting

Pari-mutuel Betting - Re-establishes the Tennessee state racing commission to implement and administer the provisions of the Racing Control Act of 1987. - Amends TCA Section 4-29-230 and Title 4, Chapter 36. Fiscal Summary for *HB1487Increase State Revenues - Exceeds $300,000 Year 1/Dedicated Funds Exceeds $400,000 Year 2 & thereafter/Dedicated Funds Increase State Expenditures - Exceeds $100,000 Year 1 & thereafter Increase Local Govt. Revenues - Less than $100,000 Year 1 Exceeds $100,000 Year 2 & thereafter Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB1487 This bill reestablishes the Tennessee state racing commission to implement and administer the Racing Control Act. The commission would consist of seven members to be appointed by the governor with the general assembly's consent. One member must have a background in law enforcement and would be appointed from [...]

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